Russia’s investments in Sudan suffer from lack of funding: envoy

October 24, 2018 (KHARTOUM) - Russia’s Ambassador to Khartoum, Vladimir Zheltov, said the implementation of the Russian economic projects in Sudan is facing a number of obstacles particularly lack of funding.

In an interview with Sputnik News Service on Wednesday, Zheltov said despite the significant attention given by the Sudanese and Russian governments “these economic projects may be postponed indefinitely due to lack of money”.

He pointed out that funding always adversely impact on their desire to further economic cooperation, saying the role of the private sector is decisive to the success of economic projects.

Politically, Russia is seen as a major ally of the government of al-Bashir that faces isolation from the West. However, economic cooperation between the two countries has remained very low, with a trade balance that does not exceed $400 million.

In December 2015, Sudan and Russia signed 14 cooperation agreements in different domains, including oil, minerals and banks.

The agreements also include a concession contract between Sudan and the Russian Rus Geology to prospect for oil in Sudan’s Bloc E57 and another accord for the geological mapping of the Jebel Moya area, North Kordofan State.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Justices delay is justices denied2019-05-21 04:40:18
By Wesley Kosa
The Khartoum Peace Agreement was the result of the political manipulation by the governments of South Sudan, Uganda and Sudan. There were no extensive discussions and mediation (...)

The fear of political reforms in South Sudan2019-05-19 02:16:35
By Duop Chak Wuol
In his Easter message, President Salva Kiir called on the leader of the Sudan People’s Liberation Movement-In Opposition (SPLM-IO), Dr Riek Machar, to go to Juba to form a (...)

Joseph Malwal Dong joined the SPLM/A -IO2019-04-02 08:35:02
SPLM/A (IO) Press Release
1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO)
The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)